State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
$53.34+0.22 (+0.41%)
- 0.20%
- $488M
- +13.0%
- 3.21%
- 0M sh
- $53.03
- low $47.86high $56.51
The ETF.net EFAX Grade
A
Score 71 out of 100
- 4 of 18
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 6 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 15Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 12 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 8 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 7 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 3 of 18
Our read on EFAX
AMost ESG funds rebuild the developed-market index around ratings. EFAX makes one cut: companies that own fossil fuel reserves are out. The rest of the EAFE lineup stays put.
The fund seeks to provide returns generally corresponding to the MSCI EAFE ex Fossil Fuels Index before fees and expenses. The index screens the developed-market MSCI EAFE universe to exclude companies with specified fossil-fuel reserves.
Why people hold it
- One legible rule: start with MSCI EAFE, drop the companies that hold fossil fuel reserves. No ratings black box to decode.ssga.com
- Still a core-shaped fund, not a narrow slice: about 600 stocks across developed Europe, Australasia and the Far East.
- 0.20% a year, a shade under the typical fee in its international ESG peer group, from a State Street fund running since 2016.
Worth knowing
- The screen targets reserves ownership, not emissions or labor practices, so refiners, utilities and heavy fuel users can still make the cut.
- Cheaper routes exist on the same aisle: VSGX at 0.10% and DMXF at 0.12% apply broader ESG screens for less.
- Thinly traded next to the category's giants, so the bid-ask spread is a bigger slice of what it costs to get in and out.
EFAX Holdings
- Stocks
- 637
- 15%
- ASML
Sectors
- Financials26.5%
- Technology19.1%
- Industrials12.9%
- Health Care12.4%
- Consumer Discretionary8.6%
- Materials5.6%
- Communication4.8%
- Consumer Staples4.5%
- Energy2.2%
- Real Estate2.0%
- Utilities1.6%
Geography
- Japan25.44%
- United Kingdom12.55%
- Switzerland10.18%
- Germany9.21%
- France7.81%
- Netherlands7.49%
- Australia5.36%
- Spain4.02%
- 17.94%
Developed 99% · Emerging 1%
EFAX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
EFAX$11,300
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EFAX |
|---|---|
| Year to date | +6.8% |
| 1 month | −3.4% |
| 3 months | −2.2% |
| 1 year | +13.0% |
| 3 years | +17.6% |
| 5 years | +8.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EFAX |
|---|---|---|
| 2026 YTD | +6.8% | |
| 2025 | +31.3% | |
| 2024 | +4.8% | |
| 2023 | +18.0% | |
| 2022 | −16.7% | |
| 2021 | +10.5% | |
| 2020 | +9.5% |
EFAX in the news
EFAX Dividends
- 3.21%
- $1.71
- $0.80 per share
- Twice a year
Distribution history
EFAX Risk
- 12.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EFAX Cost
0.20%
EFAX0.20%
- The middle half of International ESG & Values Index funds
- Median 0.26%
5 of the 18 International ESG & Values Index funds charge less.
Other funds in International ESG & Values Index
- AESGDiShares ESG Aware MSCI EAFE ETFExpense ratio 0.20%1 year return +15.2%
- ADMXFiShares ESG Advanced MSCI EAFE ETFExpense ratio 0.12%1 year return +17.4%
- BPABDiShares Paris-Aligned Climate Optimized MSCI World ex USA ETFExpense ratio 0.12%1 year return +11.4%
- BFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFExpense ratio 0.16%1 year return +15.7%
- BNUDMNuveen ESG International Developed Markets EquityExpense ratio 0.27%1 year return +12.7%